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REGISTERED NUMBER: 07697352 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

KANGAROO POUCH LIMITED

KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KANGAROO POUCH LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: Mrs A P Sahota
Mr P Singh
Mr I S Sahota
Mr S Sahota





SECRETARY: Mr S Sahota





REGISTERED OFFICE: Sunridge, Hanbury Road
Droitwich
Worcestershire
WR9 7DU





REGISTERED NUMBER: 07697352 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 954,517 1,004,340
Investments 5 55 55
954,572 1,004,395

CURRENT ASSETS
Debtors 6 35 16,123
Cash at bank 569,709 595,033
569,744 611,156
CREDITORS
Amounts falling due within one year 7 111,382 143,913
NET CURRENT ASSETS 458,362 467,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,412,934

1,471,638

CREDITORS
Amounts falling due after more than one
year

8

(311,458

)

(389,519

)

PROVISIONS FOR LIABILITIES (93,092 ) (107,347 )
NET ASSETS 1,008,384 974,772

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 432,297 432,297
Retained earnings 576,077 542,465
SHAREHOLDERS' FUNDS 1,008,384 974,772

KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

BALANCE SHEET - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Mrs A P Sahota - Director


KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Kangaroo Pouch Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Short leasehold - 20% on cost
Improvements to property - Over the term of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 83 (2022 - 86 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 947,661 172,140 1,119,801
Additions - 2,958 2,958
Disposals - (1 ) (1 )
Grants - (47,946 ) (47,946 )
At 31 July 2023 947,661 127,151 1,074,812
DEPRECIATION
At 1 August 2022 39,110 76,351 115,461
Charge for year 517 4,317 4,834
At 31 July 2023 39,627 80,668 120,295
NET BOOK VALUE
At 31 July 2023 908,034 46,483 954,517
At 31 July 2022 908,551 95,789 1,004,340

Cost or valuation at 31 July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 472,516 - 472,516
Cost 475,145 127,151 602,296
947,661 127,151 1,074,812

If Freehold Property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 434,484 434,484

Freehold Property was valued on an open market basis on 1 December 2022 by the directors .

KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 55
NET BOOK VALUE
At 31 July 2023 55
At 31 July 2022 55

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26 2,165
Amounts owed by group undertakings - 13,949
Other debtors 9 9
35 16,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,584 33,314
Trade creditors - 3,972
Amounts owed to group undertakings 51 51
Taxation and social security 73,247 97,461
Other creditors 1,500 9,115
111,382 143,913

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 161,458 199,188
Other creditors 150,000 190,331
311,458 389,519

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 150,000 150,000

Repayable by instalments
Bank loans more 5 yr by instal 50,948 82,909

KANGAROO POUCH LIMITED (REGISTERED NUMBER: 07697352)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 90,000 90,000
Between one and five years 239,232 239,232
In more than five years 223,649 297,449
552,881 626,681

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 198,042 232,502

The bank loans are secured by fixed charges over the company's freehold properties.

11. RELATED PARTY DISCLOSURES

Included within other loans due in more than five years is £150,000 (2022: £150,000) owed to a close family member of a shareholder in the company. No interest is being charged and is not repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mrs A P Sahota and Mr I S Sahota.